U.S. Senate Russia–Iran Sanctions Bill Puts Oil Buyers Under New Pressure
The U.S. Senate has overwhelmingly approved a sanctions bill targeting Russia and Iran that would let Washington slap tariffs of up to 100% on imports from the biggest buyers of Russian oil and gas. The measure, which also extends Iran sanctions, raises the cost of doing business with Moscow and Tehran for key energy importers while signaling a new phase of economic pressure. Readers will see how this bill could reshape trade decisions in Europe and Asia long before any tank stops rolling.
Washington has moved to turn the global dependence on Russian energy into a liability. On 7 August, the U.S. Senate voted 86–11 to pass the Lindsey O. Graham Sanctioning Russia and Iran Act, a sweeping sanctions package that takes aim not only at Moscow and Tehran but at the countries that still buy their oil and gas. The legislation, approved in the Senate on Wednesday, authorizes the U.S. president to impose targeted tariffs of up to 100% on imports from the five largest purchasers of Russian crude oil or natural gas, according to the bill’s description. It also extends and reinforces existing sanctions on Iran, keeping in place restrictions that…
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